Ticonderoga Maintains a 'Neutral' on Invesco (IVZ); Lowering EPS Following Slight Miss
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Price: $32.55 +1.24%
Rating Summary:
9 Buy, 16 Hold, 0 Sell
Rating Trend:
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Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
9 Buy, 16 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Ticonderoga maintains a 'Neutral' on Invesco (NYSE: IVZ).
Ticonderoga analyst says, "This morning, IVZ reported Q1'11 EPS of $0.41 vs. our estimate of $0.42. We are lowering our 2011 and 2012 EPS estimates to $1.71 and $1.92, respectively, from $1.78 and $1.99 previously. The revision reflects slightly higher comp guidance for Q2 as well as subdued active equity flow trends through most of this year (this weighs on the revenue yield)."
For more ratings news on Invesco click here and for the rating history of Invesco click here.
Shares of Invesco closed at $24.82 yesterday.
Ticonderoga analyst says, "This morning, IVZ reported Q1'11 EPS of $0.41 vs. our estimate of $0.42. We are lowering our 2011 and 2012 EPS estimates to $1.71 and $1.92, respectively, from $1.78 and $1.99 previously. The revision reflects slightly higher comp guidance for Q2 as well as subdued active equity flow trends through most of this year (this weighs on the revenue yield)."
For more ratings news on Invesco click here and for the rating history of Invesco click here.
Shares of Invesco closed at $24.82 yesterday.
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